Safi Silver Corp. (SF) Financings
TSXV: SF · Silver, Copper · Exploration stage
- Market cap$16.8M
- Share price$0.300
- 52-week range$0.200 – $0.600
- Shares outstanding55,889,081
- ExchangeTSXV
- Websitesafisilver.com
Safi Silver Corp. is a publicly traded Canadian exploration and development company with a core focus on copper and silver holdings in mining-friendly African jurisdictions. In Morocco, the Company is advancing two exploration projects: Addana , which hosts silver-bearing polymetallic veins, and Silver Hill , a sedimentary copper prospect undergoing ongoing evaluation. In Namibia, Safi Silver holds the Kalahari Copperbelt Project.
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Safi Silver Corp. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 24, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$2,106,088 | US$1,037,235 | US$1,416,916 | US$20,732,663 | C$399,514 |
| Total current assets | US$7,470,013 | US$35,755,503 | US$4,210,731* | US$21,228,500 | C$3,228,814 |
| Total current liabilities | US$5,677,376 | US$41,912,987 | — | US$1,771,737 | C$8,408,434 |
| Working capital | US$1,792,637 | (US$6,157,484) | — | US$19,456,763 | (C$5,179,620) |
| Property, plant and equipment | — | US$0 | US$849,426 | — | — |
| Total assets | US$21,263,599 | US$35,755,503 | US$38,053,165 | US$35,672,049 | C$22,670,015 |
| Debt | US$2,786,065 | US$1,376,000 | — | — | — |
| Total liabilities | US$7,056,516 | US$41,912,987 | US$42,134,598 | US$42,578,783 | C$11,583,777 |
| Shareholders' equity | US$14,207,083 | (US$729,260) | US$62,073 | (US$6,906,734) | C$11,086,238 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2022 | FY Mar 2021 | FY Mar 2020 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | US$680,195 | US$12,586 | C$901,357 | C$4,981,660 | C$913,159 |
| General and administrative | US$1,359,395 | US$1,850,977 | C$3,650,874 | C$917,157 | C$990,893 |
| Share-based compensation | US$16,100 | US$1,226,900 | C$1,203,200 | C$0 | C$443,110 |
| Impairments and write-downs | — | — | (C$15,057) | (C$115,621) | (C$30,217) |
| Net income (loss) | US$28,162,169 | (US$2,300,370) | (C$7,214,373) | (C$6,504,463) | (C$2,928,617) |
Cash flow statement: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$4,079,242) | (US$870,867) | (US$3,293,861) | (US$8,448,391) | (C$3,336,218) |
| Investing cash flow | — | — | (US$18,263,436) | (US$5,144,725) | (C$17,261,791) |
| Financing cash flow | US$1,001 | US$3,231,493 | US$3,024,674 | US$33,999,241 | C$17,665,189 |
| Exploration spending (capitalized) | — | — | — | — | C$0 |
| Property, plant and equipment spending | — | — | (US$18,263,436) | (US$5,144,725) | (C$17,270,027) |
| Proceeds from share issues | — | — | US$3,783,015 | US$0 | C$11,317,457 |
| Change in cash | — | — | — | US$20,406,125 | (C$2,932,820) |
| Cash at end of period | US$2,106,088 | US$1,037,235 | US$1,416,916 | US$20,732,663 | C$399,514 |
Safi Silver Corp. financings
5 financings announced or closed by Safi Silver Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-28 | Safi Silver Corp. (SF) | Private placement | Announced | — | $0.400 | Safi Silver Issues Final Tranche of Shares for the Silver Hill Project |
| 2025-07-23 | Safi Silver Corp. (SF) | Debt | Announced | — | — | Trigon Metals Announces Advance of Additional Loan Tranches Under Horizon Agreement |
| 2025-02-11 | Safi Silver Corp. (SF) | Private placement, non-brokered | Tranche closed, 2 tranches | US$5.0M | $0.250 | Trigon Metals Announces Revised Terms for Sale of its Interest in the Kombat Mine and Private Placement |
| 2024-12-03 | Safi Silver Corp. (SF) | Debt | Announced | US$5.0M | — | Trigon Metals Receives Indicative Term Sheet for the Sale of the Kombat Mine |
| 2024-07-23 | Safi Silver Corp. (SF) | Private placement | Announced | US$2.5M | — | Trigon Metals Secures USD $2.5 Million Working Capital Facility via Advance Payment from IXM, for its Kombat Mine, Namibia |
Safi Silver Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Safi Silver Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-07-23 | Loan, drawdown | Horizon Corporation Limited | US$7.2M | 15% |
| 2024-12-03 | Loan, proposed | — | US$5M | 15% |
| 2022-05-24 | Credit facility, closed / funded | Sprott | US$2.5M | 12% |
| 2021-11-23 | Credit facility, closed / funded | IXM AND SIGNS OFFTAKE AG | US$5M | — |
| 2021-10-28 | Credit facility, signed | IXM AND AG | US$5M | — |
| 2018-07-09 | Loan, signed | Aberdeen International Inc | C$200,000 | 12%, matures 2018-11-30 |